Vancouver, B.C. – February 5, 2021 - Highbank Resources Ltd. (TSX.V – “HBK”), (the “Company”).
The Annual General Meeting (“AGM”) of Highbank Resources Ltd. was held February 5, 2021 in the boardroom of our new office location at #615 – 800 West Pender Street, Vancouver, B.C. At the meeting shareholders re-elected James H. Place, Gary Musil, and William J. Loucks, for the upcoming year. The scrutineer reported that there was a total of 10 shareholders holding 8,200,975 common shares represented in person or by proxy at the meeting. This represents 5.86% of the total 139,906,621 shares issued and outstanding at record date.
The results of the Election of Directors were:
|Nominee||Votes for||Percent||Votes Withheld||Percent|
|James H. Place||8,131,475||99.15%||69,500||0.85%|
|William J. Loucks||7,792,975||95.02%||408,000||4.98%|
Shareholders approved, subject to acceptance by the TSX Venture Exchange, the Company’s Incentive Stock Option Plan (99.91% in favour). Shareholders also approved the re-appointment of Crowe MacKay LLP, Chartered Accountants as auditors for the ensuing year, and authorized the Directors to fix their remuneration (100% in favour).
Other resolutions submitted by management to shareholders for consideration were approved as presented; including the ratifying of the Company’s Advance Notice Policy (“ANP”) as attached to the Information Circular as Schedule “C”. In order for the ANP to remain in effect, the ANP must be ratified, confirmed and approved at each subsequent Annual General Meeting (99.15% in favour).
At the Directors Meeting following; the Directors appointed James H. Place as President/Chief Executive Officer & Chairman, and Gary Musil as Corporate Secretary/Chief Financial Officer. The Audit Committee appointees are: Gary Musil, William (Bill) J. Loucks, and James H. Place.
The Board of Directors would like give a special Thank you to Luard J. Manning, P.Eng. who did not stand for re-election; for his 18+ years as a Director, Audit Committee Member, Advisor, and support to Highbank. Luard is a Life Member B.C. Professional Engineers and CIMM. Good Luck in his retirement, and health. Stay safe and test negative!!
The Board of Directors would also like to thank the Company’s shareholders for their continued support throughout the past year.
ON BEHALF OF THE BOARD OF DIRECTORS OF HIGHBANK RESOURCES LTD
"James H. Place"
This News Release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Forward-looking statements are projections of events, revenues, income, future economic performance or management’s plan and objective for future operations and include, without limitation, statements with respect to the anticipated production from the Swamp Point North Aggregate Project, the realization of mineral estimates, success of mining operations, the timing and amount of estimated future production, title disputes or claims, environmental risks, limitations on insurance coverage, current and anticipated purchase negotiations and arrangements, requirements for additional capital; and government regulation of mining operations. In some cases, you can identify forward -looking statements by the use of terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors, including: fluctuations in worldwide prices and demand for aggregates; changes in project parameters as plans continue to be refined; possible variations in grade and or recovery rates; accidents, labour disputes as well as those factors detailed from time to time in the Company's interim and annual financial statements and management's discussion and analysis of those statements, are filed and available for review on SEDAR at www.sedar.com.
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